New iPhone being confirmed

Wal-Mart is to cut the price on the entry level iPhone 3GS, with 16Gb of memory, by $100 to $97 with a two-year AT&T contract. When Apple introduced the iPhone 3GS last June, it cut the price of the older iPhone 3G to $99.

This can only mean that the approach of the new iPhone 4G is to be announced, with a likely July release date at this point. I’d be surprised to see it fall into our hands any sooner. Dual camera, flash, multitasking goodness.

We will not see the announcement of the Verizon iPhone for sure, so for all the AT&T haters – sorry! The WWDC (Worldwide Developer’s Conference) on June 7th will give all our questions some sort of resolve, when Steve Jobs takes the stand.